D.Billions
2022-04-01

$SoFi Technologies Inc.(SOFI)$Megatrends: CEOs of NIO, PharmaDrug, SoFi, and NuRAN Advancing New Growth Opportunities in Electric Vehicles, Biotech, Mobile, and Fintech.


SoFi Technologies, Inc. (NASDAQ: SOFI) CEO Anthony Noto: “Building the AWS of Fintech”

“...Today, we are in our best position ever to achieve our long-term strategic goal: to be the digital one-stop shop for the major financial decisions in our members' lives and all of the moments in between...We delivered record full year revenue of just over $1 billion, at the high end of our guidance, which we increased on our third quarter earnings call. We achieved our sixth consecutive quarter of positive adjusted EBITDA at $5 million and delivered on our goal of positive full year EBITDA…Looking ahead, we expect continued strong growth in lending driven by our ongoing momentum in personal loans, the end of the student loan payment moratorium, better positioning in home loans and the many opportunities our new bank license presents…We are just starting to reap the benefits from the enormous progress we have made on our strategic position, the breadth of our differentiated and diversified product suite, our tech platform that helps us serve the industry as we build the AWS of fintech…”

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Comments

  • KittyBruno
    2022-04-01
    KittyBruno
    The “Bank of the Future” hype will only short time，it must show a small profit to maintain its staying power. If their model works, the big banks will just copy them.
    • D.Billions: 
      SoFi are a young and growing company, profit is within this year with all the acquisitions, projects and campaigns they introduce. Even if big banks wants to copy them, it's not that straight forward.
  • AfraSimon
    2022-04-01
    AfraSimon
    Watch Noto and team navigate through murky waters in this market, with interest rates rising our business will grow, thrive, and prosper. Best long term investment idea, SOFI.
    • D.Billions: 
      I believe in this Management Team, even in bad times they tried their best to buy back stocks and introduce different campaigns to generate more revenue and member growth.
  • BaronLyly
    2022-04-01
    BaronLyly
    Noto is clearly ambitious. This company has great potential, so many catalysts and tons of cash on the sidelines looking for growth.
    • D.Billions: 
      Yes, with great, experience and ambitious leaderships, the company will achieve humongous growth.
  • mickt
    2022-04-04
    mickt
    short or long
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